WealthTrust Fairport LLC trimmed its position in shares of Omnicom Group Inc. (NYSE:OMC) by 85.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,800 shares of the business services provider’s stock after selling 45,628 shares during the period. WealthTrust Fairport LLC’s holdings in Omnicom Group were worth $568,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new stake in Omnicom Group during the 4th quarter valued at $104,000. MUFG Americas Holdings Corp grew its holdings in Omnicom Group by 123.8% during the 4th quarter. MUFG Americas Holdings Corp now owns 1,531 shares of the business services provider’s stock valued at $112,000 after purchasing an additional 847 shares in the last quarter. Eagle Ridge Investment Management acquired a new stake in Omnicom Group during the 3rd quarter valued at $201,000. Tower Research Capital LLC TRC acquired a new stake in Omnicom Group during the 4th quarter valued at $199,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Omnicom Group during the 3rd quarter valued at $205,000. 98.63% of the stock is owned by institutional investors and hedge funds.
Omnicom Group Inc. (NYSE OMC) opened at $79.15 on Tuesday. Omnicom Group Inc. has a 52 week low of $65.32 and a 52 week high of $86.71. The company has a current ratio of 0.93, a quick ratio of 0.86 and a debt-to-equity ratio of 1.56. The company has a market cap of $18,126.67, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 2.56 and a beta of 1.20.
Omnicom Group (NYSE:OMC) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.01. Omnicom Group had a net margin of 7.12% and a return on equity of 40.67%. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm posted $1.47 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. equities research analysts predict that Omnicom Group Inc. will post 5.5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 9th. Stockholders of record on Friday, March 9th will be given a $0.60 dividend. The ex-dividend date is Thursday, March 8th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.03%. Omnicom Group’s payout ratio is currently 51.72%.
In other news, insider Peter K. Sherman sold 8,310 shares of the firm’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $74.31, for a total value of $617,516.10. Following the transaction, the insider now directly owns 21,271 shares in the company, valued at approximately $1,580,648.01. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Barclays reaffirmed a “hold” rating and set a $81.00 price target on shares of Omnicom Group in a report on Thursday, January 25th. Zacks Investment Research lowered shares of Omnicom Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Pivotal Research lowered their price target on shares of Omnicom Group from $76.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 15th. Macquarie raised shares of Omnicom Group from an “underperform” rating to a “neutral” rating and set a $77.00 price target for the company in a report on Friday. Finally, ValuEngine lowered shares of Omnicom Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. Omnicom Group has a consensus rating of “Hold” and an average target price of $83.07.
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Omnicom Group Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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